NYSE:SONPackaging
The Bull Case For Sonoco Products (SON) Could Change Following New $300 Million Term Loan Facility – Learn Why
On March 23, 2026, Sonoco Products Company entered into a new unsecured delayed draw term loan facility of up to US$300 million, providing flexible two-year funding with variable interest tied to Term SOFR or a base rate and customary financial covenants.
This additional credit capacity, with no required amortization and the ability to prepay without penalty, gives Sonoco room to manage upcoming funding needs while maintaining balance sheet discipline through minimum net worth and interest...